| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 2 3 4 5 ... 30 >>Post Follow-up |
| nikoschopen 2,824 posts msg #60739 - Ignore nikoschopen |
3/24/2008 2:05:29 PM Sure enough bouncing off @ 1355.75. It should retrace back up to the lower channel. |
| nikoschopen 2,824 posts msg #60740 - Ignore nikoschopen modified |
3/24/2008 2:26:04 PM The trend is currently moderately bearish. The bounce from 1355 wasn't strong enough for me to believe that this is just another pullback prior to another rally. But unless we break below 1350 the main bullish trend remains intact. |
| nikoschopen 2,824 posts msg #60741 - Ignore nikoschopen |
3/24/2008 2:43:07 PM |
| nikoschopen 2,824 posts msg #60743 - Ignore nikoschopen |
3/24/2008 3:35:22 PM |
| nikoschopen 2,824 posts msg #60744 - Ignore nikoschopen |
3/24/2008 3:49:17 PM S&P has since retraced back down to 1250 and is struggling to head higher. If it can close above 1250, there could be another rally tomorrow. If not, profit-taking alone could drive this market much lower. |
| nikoschopen 2,824 posts msg #60747 - Ignore nikoschopen modified |
3/24/2008 4:10:59 PM |
| nikoschopen 2,824 posts msg #60757 - Ignore nikoschopen |
3/25/2008 12:22:13 PM Penetrating above the SMA(50) for the second time on the 5-minute chart, there's a real chance for another rally going forward. S&P eMinin 5-minute |
| nikoschopen 2,824 posts msg #60758 - Ignore nikoschopen modified |
3/25/2008 12:50:34 PM Needless to say, the next profit target lies near 1257-ish. The measured move from the earlier upleg of this current rally (1342 - 1352.75) would also suggest that this second upleg will run up to 1257 or so. |
| nikoschopen 2,824 posts msg #60759 - Ignore nikoschopen |
3/25/2008 1:06:55 PM Although it's premature to call for an outright reversal, bulls are obviously losing momentum as the lower channel is being retested, |
| nikoschopen 2,824 posts msg #60760 - Ignore nikoschopen |
3/25/2008 1:53:55 PM Once again, the bulls are reasserting themselves by rearing their ugly heads. The first tentative target is at 1360 and the second at 1365. I doubt we'll ever pass above 1365 for the day. |
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